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Reporting on regulatory developments, innovations, and risks in payment systems and settlement processes essential for the transfer of money and securities.
Trading & Investment
Colombo Exchange Eyes New Measures to Lure Foreign Investment
By Duruthu E Chandrasekera | 09/09/2020
Besides tax incentives, CSE Chairman Dumith Fernando told Regulation Asia the exchange has initiated a five-pronged strategy to bolster the capital market.
CBDCs
Mastercard Launches Virtual Testing Environment for CBDCs
By Editors | 09/09/2020
The platform enables the simulation of issuance, distribution and exchange of CBDCs between banks, financial service providers and consumers.
Structural Regulation
BSP, OJK Sign MoU on Financial System Development
By Sanday Chongo Kabange | 07/09/2020
As part of the MoU, the BSP and OJK have reportedly lined up talks in the areas of supervisory frameworks, consumer protection, financial inclusion, fintech and capacity building.
Structural Regulation
BSP Targets September Issuance of Digital Banks Framework
By Editors | 06/09/2020
Separately, new legislation is under development to expedite the digital banking sector, targeted to pass by the end of 2020.
Payments & Settlements
Amex Joint Venture Commences Card Clearing Operations in China
By Editors | 03/09/2020
The joint venture has launched bank card clearing services in partnership with 16 commercial banks, three mobile payment platforms, and nonbanking payment services providers.
CBDCs
China: Two More State-Banks Join Digital Yuan Testing
By Editors | 02/09/2020
Postal Savings Bank of China and China Citic Bank will join four other state banks in conducting initial tests and creating services for the digital currency.
Trading & Investment
Bloomberg, CFETS Jointly Launch CIBM-Direct RFQ Service
By Editors | 01/09/2020
The new electronic trading service further facilitates global investors’ access to trade onshore Chinese bonds with onshore market makers in the interbank market.
Trading & Investment
PBOC to Promote Interbank Repo Rates in Financial Products
By Editors | 31/08/2020
Interbank bond repo rates have been based on actual transactions for over 20 years, the PBOC said, pledging to enhance its benchmark interest rate system.
Clearing & Post-Trade
ESMA Postpones CSDR’s Settlement Discipline Regime
By Editors | 31/08/2020
The regime was initially due to come into force from September 2020 before it was deferred to February 2021. The new effective date is 1 February 2022.
Clearing & Post-Trade
Hong Kong: OTC Clear Launches Sponsored Clearing Model
By Manesh Samtani | 31/08/2020
Foreign banks in Hong Kong that are unable to become full clearing members can use the ‘Sponsored Settlement Member’ model to access central clearing via OTC Clear.
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